Sec. 19.
An exemption or credit granted to a qualified business shall continue until the certification of the qualified business is revoked, as provided in this act, or for 10 years from the date that the business is certified as a qualified business. Even if approval of an enterprise zone is revoked by the authority as provided in this act, an exemption or credit granted to a qualified business located in that enterprise zone shall continue until revoked or until the 10-year or other specified period elapses.
History: 1985, Act 224, Imd. Eff. Jan. 13, 1986 ;-- Am. 1994, Act 311, Imd. Eff. July 20, 1994
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 224 of 1985 - Enterprise Zone Act (125.2101 - 125.2123)
Section 125.2101 - Short Title.
Section 125.2102 - Legislative Findings.
Section 125.2103 - Definitions.
Section 125.2105 - Powers of Authority Vested in Members; Quorum; Action by Authority; Meetings.
Section 125.2106 - Powers and Duties of Authority Generally.
Section 125.2108 - Qualifying Local Governmental Units.
Section 125.2110 - Duties of Citizens' Council.
Section 125.2112 - Application to Have Area Approved as Enterprise Zone; Filing; Form; Contents.
Section 125.2114 - Application for Certification as Qualified Business; Procedure.
Section 125.2115 - Condition to Certification as Qualified Business.
Section 125.2116 - Effect of Transferring Employment From 1 or More Local Governmental Units.
Section 125.2117 - Allegations of Noncompliance; Procedure.
Section 125.2118 - Eligibility for Exemption, Credit, or Deduction.
Section 125.2119 - Duration of Exemption or Credit.
Section 125.2120 - Exemption From Ad Valorem Real and Personal Property Taxes.
Section 125.2120b - Additional Exemption From Ad Valorem Real and Personal Property Taxes.
Section 125.2121a - Use of Disbursement Pursuant to MCL 125.2121 (4)(a) and (B).